General Memo 489


Electronic Funds Transfer (EFT) system available July 1, 2002, for June payments to IMRF

April 9, 2002

If you are not the individual responsible for making payments to IMRF, please forward this announcement to the person who does.

Beginning July 1, 2002, payments to IMRF can be made electronically with our new EFT system. IMRF is working with third-party vendor GovONE Solutions in developing our EFT payment system. GovOne has a proven track-record of providing secure, reliable, and cost-effective payment solutions for government agencies and other public pension systems.

All IMRF payment types will be accepted by the EFT system. To use IMRF’s new EFT system, you simply need a telephone. While you must still send the required monthly wage documents to IMRF, several advantages are gained by paying with the new EFT system:

  1. User-friendly and easy to use. The EFT system is available 24 hours a day and can be accessed from anywhere by telephone. The system will guide you through the process.
  2. Free of charge. To access the EFT System is toll-free and all charges are paid by IMRF. No more need to issue checks.
  3. Controlled by you. A payment is initiated only after your completed call into the system. This offers both timeliness and full cash flow control.
  4. Secure. GovONE’s technology provides you with secure payment transactions. Payments made on the IMRF GovOne system can be sent only to IMRF.

Enclosed is an EFT Enrollment Agreement that you must complete and submit to enroll in IMRF’s new payment system. Please follow the instructions listed directly on the enclosed enrollment agreement and return it to:

2211 York Road
Suite 500
Oak Brook, IL 60523-2337

If you use multiple bank accounts to make payments to IMRF, you will need to complete a separate enrollment form for each bank account you use. You may obtain additional copies of the EFT Enrollment Agreement Form 3.00 from IMRF Online at or by calling a Member Service Representative at 1-800-ASK-IMRF (1-800-275-4673).

You may enroll now. Once your account is ready for use (nearer to July 1), a confirmation letter will be mailed to you. The information will include your EFT number (assigned by IMRF), your PIN code, EFT system instructions, and a set of Frequently Asked Questions. Please direct questions concerning your enrollment to an IMRF Member Service Representative at 1-800-ASK-IMRF (1-800-275-4673). Note that EFT information is also available at IMRF Online (

We hope you will agree that the IMRF EFT System is an excellent alternative to the manual check and remittance process you have been accustomed to using.